Low PE high ROE multibagger stock: Don’t miss action in this power stock that has commissioned a project!

The stock has a PE of 5.94x whereas the sectoral PE is 23x with an ROE of 34.81 gave multibagger returns of 161.55 per cent from its 52-week low of Rs 70.35 per share.  

K.P. Energy (BSE Script Code: 539686) announced that the company has successfully commissioned 52.SMW (Phase-I) ISTS connected wind power project comprising 25 numbers of WTGs of 2.1MW each at Sidhpur Site in Devbhoomi Dwarka.   

The 300MW power evacuation system, which includes the pooling substation and the extra-high-voltage transmission line, has been charged to enable phase-wise commissioning of the project. This is an essential step towards the successful implementation of the project and completed by July 2023.   

Today, shares of K.P. Energy Ltd plunged 1.70 per cent to Rs 179.25 per share with an intraday high of Rs 184 and a low of Rs 176.30. The stock gave multibagger returns of 161.55 per cent from its 52-week low of Rs 70.35 per share.  

K.P. Energy Limited is a balance of plant (BoP) solution provider for the wind energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.   

Talking about finances, this power company has a market cap of Rs 398.47 crore. In Q3FY23, net sales rose by 52.12 per cent and net profit rose by 71.43 per cent compared to Q3FY22. The company has also announced a stock split in the ratio 2:1 as of the record date which was Friday, March 10, 2023.  

The stock has a PE of 5.94x whereas the sectoral PE is 23x with an ROE of 34.81. Investors should keep a close eye on this Small-Cap stock.